Compensation Analyst

Conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.

O*NET reports this occupation under titles such as: Benefits Analyst; Benefits Consultant; Benefits Specialist; Compensation Analyst; Compensation and Benefits Analyst; Compensation and Benefits Specialist; Compensation Consultant; Compensation Specialist; Employee Benefits Specialist; Position Classification Specialist

Tasks

• Administer employee insurance, pension, and savings plans, working with insurance brokers and plan carriers.
• Ensure company compliance with federal and state laws, including reporting requirements.
• Research employee benefit and health and safety practices, and recommend changes or modifications to existing policies.
• Advise managers and employees on state and federal employment regulations, collective agreements, benefit and compensation policies, personnel procedures, and classification programs.
• Plan and develop curricula and materials for training programs and conduct training.
• Assist in preparing and maintaining personnel records and handbooks.

Knowledge

• Personnel and Human Resources
• English Language
• Customer and Personal Service
• Mathematics
• Administration and Management
• Administrative
• Economics and Accounting
• Computers and Electronics
• Law and Government

Skills

• Reading Comprehension
• Active Listening
• Speaking
• Critical Thinking
• Writing
• Active Learning
• Mathematics
• Monitoring

Abilities

• Oral Expression
• Oral Comprehension
• Written Comprehension
• Problem Sensitivity
• Deductive Reasoning
• Inductive Reasoning
• Speech Clarity
• Written Expression
• Information Ordering
• Near Vision
• Speech Recognition
• Mathematical Reasoning
• Fluency of Ideas
• Originality
• Category Flexibility
• Flexibility of Closure
• Selective Attention